to be deducted should be indicated by a minus sign.) Beginning balances of $600 for Common Stock, $11,100 for Paid-In Capital in Excess of Par, and $21,700 for Retained Earnings. Reported net income of $41,700. B Issued common stock, which increased common stock by $120 and increased the Paid-In Capital in Excess of Par by $4,580. Purchased $7,700 of treasury stock. Declared and paid $5,700 of cash dividends. Beginning balance Net income Issuance of common stock Purchase of treasury stock Cash dividends Ending balance Hulu Incorporated Statement of Stockholders' Equity For Year Ended December 31 Common Stock Paid-In Capital in Retained Excess of Par Earnings Treasury Stock Total Equity $ 600 $ 4,580 $ 21,700 $ 26,280 $ 26,280